Giorgos Agapiou2026-06-12T17:20:14+03:00As of 1 July 2026, all rent payments in Cyprus must be made via traceable electronic methods.
Under the newly introduced Article 48A of the Assessment and Collection of Taxes Law (N.4/1978) all rent payments for immovable property located in Cyprus must be made exclusively via:
Bank transfer
Debit/credit card
Or other recognised electronic payment method
Consequently, landlords are prohibited from accepting rent payments in cash as from the end of the month.
It is recommended that tenants and landlords should:
Ensure all rent payments are made through banking/electronic channels
Avoid any cash transactions
Review existing agreements and practices for compliance
Remaining at your disposal should you have any questions.
Acute Advisory Services team
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